Spacecode has introduced new standards for track-and-trace of items in the diamond industry and healthcare industries, where absolute reliability and robustness are essential. Combining our unique RFID technology with the blockchain ensures 100% item identification with independently verified data.
Blockchain is already having significant impact on the way business is being done. It uses a decentralized electronic ledger (a transaction database), with duplicate copies on thousands of computers around the world. None of the participants in the blockchain network can alter any data retroactively, which means everyone can fully trust the data. Additionally, participants can save agreements relating to how they can interact on the blockchain and in so-called smart contracts. These smart contracts are executed autonomously by the blockchain, and cannot be changed unilaterally by any party. As a result, the blockchain enables the efficient cooperation of parties who don’t need to know or trust each other.
A peer-to-peer economy facilitated by blockchain is a leading example of technology’s disruptive and innovative potential given by Don Tapscott (Senior Advisor at the World Economic Forum and the fourth most influential thinker in the world for 2015).
Contact us for more information about authenticating your inventory to the blockchain with Spacecode’s verification system.